Core Viewpoint - 博盈特焊's performance in 2024 was significantly impacted by market demand fluctuations and international environmental changes, leading to a substantial decline in revenue and profit [1][4]. Group 1: Financial Performance - The company reported total revenue of 460 million yuan in 2024, a year-on-year decrease of 23.76% [1]. - The net profit attributable to shareholders was 69 million yuan, down 47.02% year-on-year [1]. - The non-recurring net profit was 46.94 million yuan, reflecting a decline of 61.67% compared to the previous year [1][5]. Group 2: Business Operations - 博盈特焊 specializes in the research and application of core technologies in special welding, with key products including anti-corrosion and wear-resistant welding equipment [4]. - The company faced significant changes in the waste-to-energy sector, primarily due to market demand fluctuations and policy adjustments, which adversely affected revenue [4]. - Despite having a competitive edge in anti-corrosion and wear-resistant welding equipment, the company's heavy reliance on a single market has weakened its risk resilience [4]. Group 3: Cost and Investment - The company's net profit decline highlights pressures in cost control, with sales expenses increasing by 188.06% as efforts were made to expand market presence [5]. - Investment in fixed assets, intangible assets, and other long-term assets increased by 884.56%, adding financial pressure in the short term [6]. - The company is constructing production bases in Daqiao and Vietnam, which are expected to support future growth but currently strain profit margins [6]. Group 4: Future Outlook - 博盈特焊 aims to enhance market expansion and technical innovation, focusing on diversifying product types and entering international markets [6]. - The management emphasizes the importance of increasing research and development investments to improve product competitiveness [6]. - Balancing market expansion with cost control will be crucial for the company to enhance profitability in a challenging market environment [6].
博盈特焊2024年财报：营收净利双降，防腐防磨堆焊装备市场承压